One of the Biggest Company Acquisition Cases in Life Science
According to Reuters report, Life Technologies Corp. has accepted the cash acquisition offered by Thermo Fisher Scientific for 13.6 billion on April 15, 2013. So far, the company takeover becomes one of the biggest acquisition cases in life science field.
Life Technologies is a biotech tool company delicates in life science field, especially the genetic sequencing. Thermo is the world's largest maker of scientific and laboratory equipment ranging from basic scientific equipment to the chemicals, such as agents and antibodies used in the manufacturing and research of biotech medicine.
The deal would boost Thermo Fisher's presence in scientific research, genetic analysis and applied sciences.
The deal will be hoped to complete at the early of 2014.
Thermo Fisher has been quite acquisitive in recent years, buying Phadia for $3.5 billion in 2011 and Dionex for $2.1 billion in 2010.